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Republicans cry foul over Obama's 'big government' plan
WASHINGTON (AFP) - President-elect Barack Obama's plan to haul the US economy out of recession entails a hefty expansion of the federal government -- a prospect that has conservative critics aghast.

China to issue 3G licences: government
SHANGHAI (AFP) - China will issue long-awaited third-generation mobile phone licences on Wednesday, a government official said, a move that will see tens of billions of dollars invested in new networks.

Recession pushes more Japanese onto street
TOKYO (AFP) - Fumio Hayashi may never have studied economics, but he knows a thing or two about recession.

Venezuela shuts cheap oil pipeline for 200,000 US homes
WASHINGTON (AFP) - Some 200,000 US households will no longer get cheap heating oil from Venezuela after the state-owned CITGO subsidiary announced it was dropping the program due to falling oil prices, the organization in charge of distributing the oil said Tuesday.

Dollar firm as eurozone inflation tumbles
NEW YORK (AFP) - The dollar held firm Tuesday as the euro took a beating after news of tumbling eurozone inflation raised expectations that the European Central Bank will slash interest rates next week.

Bank of America chief seeks no bonus
NEW YORK (AFP) - Bank of America's top executive said Tuesday he was recommending no bonuses for himself or other top executives for 2008 in view of the woes hitting the sector and the company.